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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Lovable on Hitting $17.5M in ARR in 3 Months | Adding $2.1M ARR Every Week | Hitting 85% Day 30 Retention: Better than ChatGPT | The Story of Europe's Fastest Scaling Company with Anton Osika
Mar 5, 2025
In this engaging chat, Anton Osika, Co-founder and CEO of Lovable, shares insights from scaling his startup to an impressive $17.5M in ARR in just three months. He reveals how talent trumps experience and how pre-launch waitlists can skyrocket growth. Osika discusses maintaining an 85% Day 30 retention rate, surpassing even ChatGPT. He also tackles the challenges of competing in the US market from Europe, the potential of AI in software development, and the vital balance between simplicity and feature richness in product design.
50:44
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Quick takeaways
- Lovable achieved an impressive $17.5M in ARR within just three months, significantly benefiting from strong product-market fit and user engagement strategies.
- Prioritizing talent over experience has enabled Lovable to create a dynamic team that adapts quickly to challenges and fosters innovation in their development process.
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Remarkable Growth Metrics
The startup has achieved staggering growth, reaching 2 million ARR per week, with an overall 85% month one retention rate, outperforming many established competitors. Lovable quickly scaled to 17.5 million in annual recurring revenue within just three months of launching, marking it as one of the fastest-growing companies in Europe. This surge in revenue is attributed to a strong product-market fit that taps into users' needs for rapid software creation with AI assistance. Furthermore, the company has introduced innovative features that enhance user engagement, leading to sustained growth and retention.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode